
Retail inflation falls to 18-month low of 4.7% in April
Index of Industrial Production (IIP) grew 1.1% in March.
Index of Industrial Production (IIP) grew 1.1% in March.
Why central banks such as RBI need to look at high prices charged by dominant firms instead of focusing on higher repo rates only.
The effective inflation faced by the bottom 50% of the population stood at 7.2% in the first nine months of FY23, says India Ratings and Research.
Govt says the decline in wholesale inflation is contributed by mineral oils, chemicals & chemical products, textiles, crude petroleum & natural gas, textiles, food products
Food inflation in India has mellowed to 3.5% in FY22.
India now seems “unstoppable” in its momentum to become the “third economic superpower”, says a report by a UK-based economics consultancy company CEBR.
WPI data comes two days after the country’s headline inflation was recorded at an 11-month low of 5.88% in November 2022.
CPI declined to 6.77% in October from 7.41% in September when Russia topped the chart of India's oil suppliers.
Retail inflation remains above the Reserve Bank of India's (RBI) upper tolerance band of 6% for the 10th consecutive month.
Amid slowing global growth, export growth will moderate while import growth will be driven by recovering domestic demand, says the World Bank.